Tom Schrader Quotes on Morning (11 Quotes)

We had such big gains yesterday that it is not unusual for us to consolidate a little bit. Then, oil's down but gasoline is up and that is counterbalancing each other, ... The economic news we had this morning was less than inspiring.

The consumer confidence (index) this morning was better than expected, and the lack of negative pre-announcements has given people the impression that first-quarter earnings are going to be good.

Oil is always a negative factor for the markets and that, combined with lack of economic data, is contributing to a lack of interest in the stock markets this morning. On the bright side, the series of company upgrades is certainly welcome.

Economic numbers this morning were very story and could give the Fed more ammo to possibly continue their rate hikes past May. Most of the numbers we've seen over the past few weeks have been stronger than expected.

Intel and a Barron's online article about slower PC sales hit the techs in the morning, but I don't think they said anything that hasn't been said or hinted at recently.

It seems to be some natural selling, an extension of last week ... Terrorist activity over the weekend in Turkey led to selling in Japan and selling here the earnings this morning were mixed, and you have no staggering economic news until Thursday, so people are taking some money off the table right now.

All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.

A lot of the reason for the rally is that people think that everything's on the table. You saw a knee-jerk reaction this morning, with people selling on an initial reaction to the news, Europe being down so much and some weak earnings, like Kraft.

The Dow's getting hammered by all the bad news this morning,

We have negative news coming out of the home builders this morning, and obviously that's been an area that has led the economy.

The confidence number this morning was abysmal, and that's what shocked the market. The higher oil prices are definitely starting to have an impact on consumer spending.